The 136th Canton Fair in Guangzhou is showcasing China's growing confidence in its economy and its pivotal role in advancing the global green economy. The renowned trade exhibition has attracted thousands of foreign buyers and Chinese sellers eager to explore innovative technologies and cutting-edge green products.
With an expanded exhibition space and nearly 4,600 first-time exhibitors, the fair reflects deepening trade relationships and positions China as a key market for global growth. The event provides a dynamic platform for businesses worldwide to source products, discover the latest trends, and identify emerging consumer patterns.
Established in 1957, the Canton Fair has evolved into a biannual event that continues to strengthen international trade ties. Guangzhou's historical significance as a global trade hub dates back centuries, serving as a crucial link in the maritime Silk Road network and a gateway for trade between China, Asia, and beyond.
This year's fair features a significant increase in online participation, with around 48,000 businesses engaging virtually—a 60 percent rise from the previous session in April. Despite the surge in digital attendance, the bustling physical exhibition underscores China's vital role in the economic prosperity of foreign companies.
Notably, over 75 percent of buyers hail from partner countries of the Belt and Road Initiative, highlighting China's successful engagement with the Global South. The fair's emphasis on advanced manufacturing, interior decoration, and lifestyle improvements demonstrates China's commitment to fostering innovation and sustainable development.
As the Canton Fair continues to bridge international markets, it paves the way for collaborative growth and contributes significantly to the global green economy. Businesses worldwide recognize China not only as a major trading partner but also as a source of inspiration and opportunity for sustainable advancement.
Reference(s):
cgtn.com
